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Improvements Scheduled transactions

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Adam Karim

started a topic
over 2 years ago

Scheduled transactions need more than fixed dates to assign when they should occur. For example, if I have a transaction which occurs on the 3rd Wednesday of every month, there is no way for me to properly schedule this.

James Li

Pieter Pretorius - GMail

said
over 2 years ago

As long as it works as planned

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Liz

said
about 2 years ago

I agree. I'd like to see more options in the Scheduled Payments. For a loan that I pay on the 1st & 15th, I currently have to enter two different Scheduled Payments, one for the 1st, and another for the 15th. It'd be great to have one Scheduled Payment that you could set when it needs to be paid, whether Twice a Month, or Every Other Friday, or even the specific dates of the 3rd, and 17th, for example. I currently have 18 Scheduled Payments, and if this option were available, it'd cut that down to 12.

1 person likes this

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Heather Tomallo

said
about 2 years ago

I recently migrated to Moneywiz from Pocket Money and like a lot of the features that the app has to offer but one of the pain points is the lack of flexibilty for scheduled transactions. Here are some features That would really help step up the game:
* more flexibility with scheduling attributes (first day of the month, last weekday, biweekly on Specific day of the week, etc)
* list of scheduled transactions instead of the boxes so more volume can show in one screenshot
* the calendar takes up a lot of space without a whole lot of value, either make all 3 months the same size (small) so as to save real estate on the screen but still allow the touch and hold to view forecast or add forecasted ending balances for each day of the current month if the CM remains the same size, this would bring value
* (important feature) Add a process through date for scheduled transactions to allow for 1-Click entry of a volume of transactions through a certain date...and add 1 click entry for and single scheduled transaction. 3 clicks seems redundant for each transaction that was already tagged as scheduled. (This would be a big win for me...but maybe I am missing a feature that already exists?)
* adding an indicator in the transaction register showing which transactions were 'scheduled'. This would help when new transactions requiring a schedule are entered as a quick reference whether the schedule was setup yet without switching screens and may also help during reconciliations if amounts are not exact due to periodic fluctuations (I.e. utility bills).
The use of scheduled transactions is the main reason I like using an app as a checkbook. Just curious why feature improvements in this category is not a priority and are deferred with a product that already has other first class features across the board. I'm looking forward to all of the future development and am excited to use this app across multiple platforms to remain on top of my finances :)

8 people like this

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Phil Maron

said
over 1 year ago

Further to this, I would also like to see more flexibility in scheduling options but here's an additional suggestion. One thing I have done since I was using MS Money and continue to do with Moneywiz is to create separate schedules for bills which vary by season. Specifically, power bills can vary enormously from Summer to Winter and so I have four separate schedules for my quarterly bill. It would be terrific if it were possible to set up a seasonal capability so that for each of my quarterly schedules I could schedule a different amount and those amounts would carry over to each new year.

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Phil Maron

said
over 1 year ago

P.S. This same scenario would need to be able to apply to monthly or bi-monthly bills if possible.

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Phil Maron

said
over 1 year ago

Here's another suggestion. I am not overly thrilled with the way I can view scheduled transactions. I would like to see a way that I can have a simple tabular layout without the calendar where all details are visible and I can sort by any of the columns in that table. It's fairly simple but I think it is the way it was done in Microsoft Money. That way I can sort by next instance date, last instance date, payee, amount etc. Far more intuitive to my thinking.

1 person likes this

Iliya

said
over 1 year ago

Hi Phil,

We think the same. This is planned for MoneyWiz 3 though, as our MoneyWiz 2 schedule is pretty full. What we plan to do is to allow multiple views, so people can choose (similarly to how you can have a list view or spreadsheet view in the transactions register).

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Phil Maron

said
over 1 year ago

Thanks Iliya. Great to hear. What is the expected timing for version 3?

Mark Russell

What I found really useful in Moneydance was that the actual posting could be made X days in advance so that you can see where your balance was, instead of waiting for the day for it to be entered.

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Phil Maron

said
about 1 year ago

I like the way options are presented in Windows Task Scheduler although it could be extended to add quarterly and yearly as options. It could also include options for selecting irregular dates by the inclusion of a calendar date picker although some interface which would allow for differing amounts on different dates would be more flexible. It would also be helpful if there was a way to set an annual percentage by which scheduled bills would increase/decrease in future years as a way to more appropriately budget for inflation etc. I think I have also mentioned elsewhere that it would be a huge bonus to be able to tie the amount of a scheduled transaction such as a credit card bill to the sum of unreconciled transactions plus scheduled transactions on that credit card account up until a nominated date.

To illustrate, some of the specific issues that I deal with are as follows:

Credit card bills whose amount cannot be easily or accurately predicted and which do not have the same closing or due date every month. (I believe that there is a pattern that credit card companies use but I am not certain what that pattern is.)

Bills whose amount varies seasonally. I currently create 4 yearly schedules for quarterly bills like gas and electricity because their amounts can vary hugely between the seasons. This works OK but is fairly inconvenient.

Local Council Rates (taxes) which are paid in 4 installments but which follow no specific pattern other than that the 4 installment due dates will be the same every year.

If Moneywiz could conquer a significant number of those issues it would be pretty awesome.

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Rafael Pennese

said
12 months ago

Dear all,

in another post, I am suggesting implementing the possibility to choose that the execution date of the scheduled transaction be moved to the next business day if the date falls on a weekend.